10 Bed Of Multiple Occupation House For Sale St. Michaels Avenue, Northampton, NN1

PUBLIC NOTICE This property is currently under offer at £450,000.  Anyone wishing to make an offer over and above this amount should contact the selling agents EweMove prior to the exchange of contracts.

AVAILABLE TO CASH BUYERS ONLY This large freehold investment property with ten spacious studios or rooms, most with kitchenette and ensuite shower rooms. The property is currently let as a whole on a Company let until March 2025. The property would benefit from updating in some areas. 

This is an opportunity for an investor to purchase this large freehold former Vicarage.  Now an investment property converted many years ago and  a long established HMO with ten spacious studios or rooms, most with kitchenette and ensuite shower rooms.  There is also a communal laundry area and a low maintenance garden to the rear for use by the residents.  The property is currently let as a whole on a Company Let until 20th March 2025 returning £2,500 pcm. 

The property would benefit from updating in some areas which may enhance the potential for increased rental return and capital growth.  The current HMO is licensed until November 2025 and the income is understood to be between  £140 and £180 per room, per week. 

The property is located in a popular area off the Kettering Road and is within walking distance of Northampton town centre and The Racecourse.